Prime Minister Theresa May is preparing for a hard Brexit (Picture: Getty Images)

A ‘no deal’ would apparently leave workers in the UK £11,500 poorer, while a FTA and ‘soft’ Brexit alternative would also leave us worse off to the tune of £9,500 and £7,500 respectively.

Hugo Erken, senior economist at Rabobank, said: ‘By looking at dynamics such as innovation, competition, knowledge and human capital, how they will change and what effects this will have on the structural make-up of the UK and European economy, our research shows that the long-lasting impact of Brexit is likely to be more severe than initially anticipated.’